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001-es BibID:	BIBFORM005392
Első szerző:	Popovics Péter András (agrárközgazdász)
Cím:	Analysis of price transmission and the asymmetric effect of prices in the Hungarian dairy sector / Péter András Popovics, József Tóth
Dátum:	2005
Megjegyzések:	This study analyses the market behavior of the Hungarian dairy sector before our EU accession between 1995 and 2003. On the one hand, we examined whether prices in the different stages of the food chain followed the market effects within the dairy sector and, on the other hand, which participants in the sector influence these prices. We used price transmission analysis to examine the asymmetry in prices currently seen in the dairy sector, as this method is not only used by agricultural economists to measure market efficiency, but also to examine food chains. When examining the inflation-corrected prices of the different stages of the food chain, it is clear that perfect market competition does not exist; instead, price moves indicate oligopolistic competition. Most of the literature indeed claims that the market structure of the food industry in developed countries is oligopolistic, which is why the commercial sector has even more market power and is growing in Europe. Our econometric analysis reveals that, in Hungary, the dairy sector is characterized by the pricing-up effect, i. e. production prices move the market prices. Further examinations showed that, in the studied period, the price transmission between the two ends of the chain, and even between the stages within the chain, is imperfect, asymmetric, and delayed in time. Therefore, it greatly influences the current crisis of the dairy sector. Certainly, price transmission is influenced by several other factors, which have further effects on the current situation.
Tárgyszavak:	Agrártudományok Élelmiszertudományok tanulmány, értekezés price transmission asymmetry dairy sector food chain market power
Megjelenés:	How effective is the invisible Hand? : Agricultural and food markets in Central and Eastern Europe / (ed.) S. Brosig, H. Hockmann. - p. 125-131. -
További szerzők:	Tóth József (agrár)
Internet cím:	elektronikus változat
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